In Q3 16, revenues declined 3.1% to US$8.26bn (our estimate: US$8bn). Order intake dropped 14.1% to US$7.53bn and the order backlog declined 3.2% to US$24.55bn. The gross margin increased from 29.6% to 29.8% and the EBIT margin from 10.4% to 10.6%. Total EBIT remained nearly stable at around US$878m (our estimate: US$680m). Net profit declined 1.6% to US$568m. Adjusted EBITA declined 3.2% to US$1.046bn which was marginally above the consensus estimates of around US$1.4bn. The operating perfor
27 Oct 2016
Solid operating performance but declining orders
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Solid operating performance but declining orders
- Published:
27 Oct 2016 -
Author:
Heinz Steffen -
Pages:
3
In Q3 16, revenues declined 3.1% to US$8.26bn (our estimate: US$8bn). Order intake dropped 14.1% to US$7.53bn and the order backlog declined 3.2% to US$24.55bn. The gross margin increased from 29.6% to 29.8% and the EBIT margin from 10.4% to 10.6%. Total EBIT remained nearly stable at around US$878m (our estimate: US$680m). Net profit declined 1.6% to US$568m. Adjusted EBITA declined 3.2% to US$1.046bn which was marginally above the consensus estimates of around US$1.4bn. The operating perfor